reinsurance

The Trump administration unveiled a $20 billion reinsurance program designed to jump-start shipping through the Strait of Hormuz, where traffic has nearly ground to a halt amid U.S. and Israeli strikes on Iran.

A cockpit voice recording from the ill-fated Air India Flight 171 reveals that the junior co-pilot questioned the senior pilot about switching off the aircraft’s fuel supply, according to sources familiar with the investigation.

Continued growth in U.S. reinsurance in 2024 was driven by strategic collaborations between re/insurers and alternative investment managers, increased utilization of offshore platforms, and a fourth consecutive year of record-breaking annuity sales.

Recent legislative reforms reshaping Florida’s risk environment have restored reinsurer confidence and drawn them back into the state’s market, according to mid-year renewal reports from brokers Aon and Gallagher Re.

Robust returns in the reinsurance sector are drawing in fresh capital, resulting in more favorable pricing for buyers. However, brokers’ renewal reports note that underwriting discipline remains firmly in place.

Insurers in the marine, aviation, cyber, and terrorism sectors are facing mounting underwriting pressures and potential accumulation losses amid escalating hostilities between Iran and Israel, according to Morningstar DBRS.